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Jan 6, 2013
01/13
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of a metaphor cliff. >> fiscal cliff. >> the fiscal cliff. >> over the cliff. >> so-called fiscal cliff. >> or maybe not. ♪ the hills are alive >> reporter: cue julie andrews in "the sound of muse i can." >> it's more of a slope. >> it's not a cliff, it's a slope. >> it's kind of a slope. >> reporter: hill, cliff, slope, be honest, it felt more like this. >> this place is starting to have the feel of the movie "groundhog's day." >> reporter: at least the movie made you laugh. this was more like "the hurt locker." >> congress set this time bomb. now they're scrambling to defuse it. >> reporter: in the end the cliff, slope, bomb, groundhawing day, call it what you will, it became a bill and a new metaphor. >> kick the can down the road. >> kicking the can down the road. >> kicking that can. >> kicking the can. >> we are done with kicking this
of a metaphor cliff. >> fiscal cliff. >> the fiscal cliff. >> over the cliff. >> so-called fiscal cliff. >> or maybe not. ♪ the hills are alive >> reporter: cue julie andrews in "the sound of muse i can." >> it's more of a slope. >> it's not a cliff, it's a slope. >> it's kind of a slope. >> reporter: hill, cliff, slope, be honest, it felt more like this. >> this place is starting to have the feel of the movie...
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Jan 3, 2013
01/13
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ceiling and the fiscal cliff deal. all that deal did was delay the spending cuts for three months. >>> the speaker of the house promised a vote on hurricane sandy relief funds. >> no help from anyone. you see that garbage? >> it has been 9 weeks since hurricane sandy slammed into the east coast yet the victims are still waiting for help. speaker of the house john boehner triggered outrage when he delayed a vote but today he set a vote for friday. democrats and republicans say it is long past time for that help. >> for us to turn our back and ignore their needs is just plain wrong. >> we respond to innocent victims as natural disasters. >> on friday congress will vote in $9 billion in flood insurance. and you can keep up with the latest developments in the fiscal cliff and the debt ceiling by going to www.ktvu.com. click on the tab near the top of the page. >>> the gunman in the aurora colorado movie shooting is due in court monday. he is accused of killing 12 people and wounding others. it is expected to draw a large c
ceiling and the fiscal cliff deal. all that deal did was delay the spending cuts for three months. >>> the speaker of the house promised a vote on hurricane sandy relief funds. >> no help from anyone. you see that garbage? >> it has been 9 weeks since hurricane sandy slammed into the east coast yet the victims are still waiting for help. speaker of the house john boehner triggered outrage when he delayed a vote but today he set a vote for friday. democrats and republicans...
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Jan 2, 2013
01/13
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critics on both sides blasted the watered down deal to avert the fiscal cliff. what is in and what is out? after promising to protect it both the white house and congress decided to end the payroll tax holiday, meaning your taxes go up 2%. an extra $1,000 for every $50,000 you earn. individuals making more than $400,000 a year will see their taxes go up. also not getting done, spending cuts. one analyst said today congress kicked the drone down the road, postponing cuts for another month. republicans say they will fight raising the debt ceiling without significant spending cuts. >> the president has maxed out his credit card and he's not going to get an unlimited credit card. >> he is back in hawaii today but president obama feels congress spent the money and will have to raise taxes further. >> i will not have another debate with congress over whether or not they should pay the bills they have already racked up. >> of late this afternoon, house republican leaders backed down over their decision to postpone a force and the victims after both parties blasted lack
critics on both sides blasted the watered down deal to avert the fiscal cliff. what is in and what is out? after promising to protect it both the white house and congress decided to end the payroll tax holiday, meaning your taxes go up 2%. an extra $1,000 for every $50,000 you earn. individuals making more than $400,000 a year will see their taxes go up. also not getting done, spending cuts. one analyst said today congress kicked the drone down the road, postponing cuts for another month....
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Jan 2, 2013
01/13
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this was not a talk in the p fiscal cliff talks -- talk in the fiscal cliff talks because they were focusing on the other issues. janine de la vega, ktvu channel 2 news. >> thank you. >>> a bay area congressman checks out his new digs on the hill and shares his goals for the year. you will hear from him in about eight minutes. >>> drivers in every part of san francisco will need to feed the meters at least for a few hours on sundays. this program is expected to bring in close to $2 million for the city. new at noon, ktvu's brian flores joins us live to explain why some people are strongly opposed to the policy. good afternoon, brian. >> reporter: hey, tori. yeah, well, parking meters like this here along chestnut will be starting on sunday. there are several businesses who are against it. but there are some who are for it. only time will tell how businesses will be affected one way or another. whether bizs or commuters like it -- whether businesses or commuters like it, it's starting. you may have to fork over a few bucks where before you didn't have. >> the usage of meters on sunday, think
this was not a talk in the p fiscal cliff talks -- talk in the fiscal cliff talks because they were focusing on the other issues. janine de la vega, ktvu channel 2 news. >> thank you. >>> a bay area congressman checks out his new digs on the hill and shares his goals for the year. you will hear from him in about eight minutes. >>> drivers in every part of san francisco will need to feed the meters at least for a few hours on sundays. this program is expected to bring in...
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Jan 1, 2013
01/13
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. >> and you probably sensed we weren't going to see the fiscal cliff. >> i didn't say fiscal cliff. >> that was a reverence to the cliff. >> the word fiscal and cliff did not emerge from my lips. >> and in tonight's show we're going to have pat benetar. >> you're going to love her, and a million dollar performance behind us, one of the greatest musical events of all time. >> do you know what that is? >> the king is here. >> that is a hint. >> please, an all star line up of fox talent including maria molina and what would new year's eve westbound out our guy? 11,000 babies will be born on new year's eve. think about that. what a great birthday. hopefully on the ground that, is not where greg gut feld will find himself tonight. happy new year to you. >> happy new year. 11,000 babies that will all look like bob beckel. scary. don't you think? >> scary. >> i'm seeing a lot of famous people. i thought i saw pierce morgan. it was a discarded lampe. my mistake. very questions i want to skt crowd. how are you doing sni want to ask you. what is confetti made out of? >> i don't know. >> it's
. >> and you probably sensed we weren't going to see the fiscal cliff. >> i didn't say fiscal cliff. >> that was a reverence to the cliff. >> the word fiscal and cliff did not emerge from my lips. >> and in tonight's show we're going to have pat benetar. >> you're going to love her, and a million dollar performance behind us, one of the greatest musical events of all time. >> do you know what that is? >> the king is here. >> that is a hint....
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Jan 2, 2013
01/13
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the fiscal cliff? >> it could make a difference in life. i mean, it all depends on how you look at it. >> and what exactly is the fiscal cliff? >> i'm not sure exactly what that is. but, i mean, if you really think about it, i guess it could cause something, if you, like, researched it or whatever. >> are you worried about the fiscal cliff? >> yeah, kind of. >> what exactly is the fiscal cliff? >> it's a raise in taxes and -- yeah. now i'm going to look like a fool. i don't know. [ laughter ] uh-huh. i don't know. >> are you worried about the fiscal cliff? >> i guess, yeah. >> what is it? >> something to do financially. yeah. that's all that i can tell you. >> why are you worried? >> because you have a worried look on your face. >> it's not good. i know that. so yeah. >> do you know what it is? >> no, i really don't. you go off the cliff. >> are you worried about the fiscal cliff? >> no. >> what is it? >> well, the fiscal cliff i know is mr. huxtable. that's the only one i know. >> well, yeah. you got
the fiscal cliff? >> it could make a difference in life. i mean, it all depends on how you look at it. >> and what exactly is the fiscal cliff? >> i'm not sure exactly what that is. but, i mean, if you really think about it, i guess it could cause something, if you, like, researched it or whatever. >> are you worried about the fiscal cliff? >> yeah, kind of. >> what exactly is the fiscal cliff? >> it's a raise in taxes and -- yeah. now i'm going to look...
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it's one after the other after the other and there is no fiscal cliff there's only a fiscal cliff if the earth is flat and the earth isn't flat the reality is that that that is a self created problem by the republicans there has never been a stop of the debt ceiling before and they want to threaten it to stop programs the constitution says that the president united states can and must pay the debt of the united states that you shall not challenge the debt of the united states and paying the bills that is a non issue veronica i mean. veronica invited me thanks veronica other than that of the nine are you going to have to end i don't know anything under three certainly on two things obama has many challenges to face in his second term and one of them probably the biggest are the republicans robert wiener live with us on the line from washington thanks for that thanks so much. now a train journey took a bizarre twist in rural russia this week on mt survived after falling out of a carriage but that's not it he was barely dressed for a night in freezing siberian forest earlier tom barton
it's one after the other after the other and there is no fiscal cliff there's only a fiscal cliff if the earth is flat and the earth isn't flat the reality is that that that is a self created problem by the republicans there has never been a stop of the debt ceiling before and they want to threaten it to stop programs the constitution says that the president united states can and must pay the debt of the united states that you shall not challenge the debt of the united states and paying the...
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Jan 5, 2013
01/13
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let me start with the fiscal cliff. how many of you have heard the term fiscal cliff? [laughter] in washington it will be seen as heretical. i am proud of a number of things that make no sense in washington. there is no fiscal cliff. this is absolute and total nonsense. the best way to understand what happens to all that to read a great essay by thomas wolfe. this goes back to the 60s when he first broke it. now, he is trying to describe a particular pattern in san francisco. in which the welfare department has figured out that all of the senior welfare people should be on the second floor of the welfare office hiding from the people that they serve. the newest and least be people the people should be on the ground floor screening the others. and this describes the samoan community in san francisco. having figured out what the demos. and so you have 6-foot five and 6-foot six samoans tearing traditional workloads carrying traditional clubs. they would start to shift the fourth with their clubs. and so you have a normal sized person staring up at this samoan with his wa
let me start with the fiscal cliff. how many of you have heard the term fiscal cliff? [laughter] in washington it will be seen as heretical. i am proud of a number of things that make no sense in washington. there is no fiscal cliff. this is absolute and total nonsense. the best way to understand what happens to all that to read a great essay by thomas wolfe. this goes back to the 60s when he first broke it. now, he is trying to describe a particular pattern in san francisco. in which the...
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Jan 3, 2013
01/13
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while the fiscal cliff deal was sold as providing tax relief for the middle class, the nonpartisan tax policy center estimates 77% of american households will end up paying higher federal taxes this year. that's because the 2% payroll tax holiday is going away. that will impalmost every worker. despite that house members tried to put the best face on the deal. >> by making republican tax cuts permanent, we're one step closer to comprehensive tax reform that will help strengthen our economy. >> compromise is not the art of perfection. by its very definition a compromise contains elements that neither side likes. >> fox news learned tensions were ratcheted up last week between house speaker john boehner and senate majority leader harry reid with boehner cursing reid accusing him of running the house like a dictatorship. >>> secretary of state hillary clinton is out of the hospital and at home tonight. the secretary is being treated for a blood clot in her head. she spent three days in the hospital. she's making progress doctors say and they're confident she'll make a full recovery. >>> t
while the fiscal cliff deal was sold as providing tax relief for the middle class, the nonpartisan tax policy center estimates 77% of american households will end up paying higher federal taxes this year. that's because the 2% payroll tax holiday is going away. that will impalmost every worker. despite that house members tried to put the best face on the deal. >> by making republican tax cuts permanent, we're one step closer to comprehensive tax reform that will help strengthen our...
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Jan 1, 2013
01/13
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KRON
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will go over the fiscal cliff tonight at midnight. because of a decision by the republican- led house of representatives to adjourn until tomorrow. and yet despite this decision, we are hearing that. though a day late. congress and the white house have reached a deal. kron 4's dan kerman is here with the very latest on this developing story. >> reporter: the bush tax cut expire at midnight, and if nothing is done, taxes go up for middle class americans. that is what everyone is trying to avoid. late monday evening vice president joe biden and senator harry read headed to the capitol to brief democrats on a deal worked out between congressional leaders and the white house to prevent across the board spending cuts and tax hikes. >> i think that this is a modest goal that we connect ambush. democrats, republicans in congress set to get this done. this is a modest goal that we can accomplish. >> reporter: for a tax hike for couples earning more than 450-thousand dollars a year. that's a compromise. between what the president wanted and wh
will go over the fiscal cliff tonight at midnight. because of a decision by the republican- led house of representatives to adjourn until tomorrow. and yet despite this decision, we are hearing that. though a day late. congress and the white house have reached a deal. kron 4's dan kerman is here with the very latest on this developing story. >> reporter: the bush tax cut expire at midnight, and if nothing is done, taxes go up for middle class americans. that is what everyone is trying to...
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Jan 9, 2013
01/13
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FOXNEWS
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. >> bret: fiscal cliff. >> guest: fiscal cliff. in the long-term, that means the year will get up to 2.5% growth. this is not going to put people out of work. if you look at what is happe happening in china and other cases the fact we're doing that well portends if we take care of the problems, better, future for us than many of our trading partners. >> what is the biggest concern do you think for businesses? >> the fundamental issue we have to deal with spending. you don't blame anybody for the fact that we have 10,000 people a day retiring. and that people are now living to 80 years of age. we don't want to cut anybody's mode care or medicaid. but we need to turn down the growth curve. if we don't do that, we will build debt at $1 trillion a year. pretty soon that will get to the fact you won't have to worry about what are we going to do about the debt ceiling, because others worry about it for us. >> bret: you talk to businesses all over and what they see from washington and the back and forth. what do you hear? >> there is anot
. >> bret: fiscal cliff. >> guest: fiscal cliff. in the long-term, that means the year will get up to 2.5% growth. this is not going to put people out of work. if you look at what is happe happening in china and other cases the fact we're doing that well portends if we take care of the problems, better, future for us than many of our trading partners. >> what is the biggest concern do you think for businesses? >> the fundamental issue we have to deal with spending. you...
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Jan 2, 2013
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how does the fiscal cliff deal not violate that pledge? >> it's technically not a violation of the pledge. but i understand why a lot of republicans had said, look, even though what's happening is the tax cuts disappear and we're restoring them for most people, so we're not raising taxes, we're actually cutting taxes -- >> you're saying because the bush tax cuts have expired yesterday. >> yes. >> so basically they expired yesterday, so technically these are still tax cuts? >> correct. i understand, and i understand if you're a congressman or senator you've got to go out and convince not me that you've technically not violated the pledge, you have to convince your constituents. the promise that congressmen and senators make so their the voters in their state. not to me or anyone else. they need to be able to say with a straight face they fought to protect those tax cuts for everyone and all the republicans in the house have done that more than once. and that they're fighting to oppose any and all tax increases period. i think you can look y
how does the fiscal cliff deal not violate that pledge? >> it's technically not a violation of the pledge. but i understand why a lot of republicans had said, look, even though what's happening is the tax cuts disappear and we're restoring them for most people, so we're not raising taxes, we're actually cutting taxes -- >> you're saying because the bush tax cuts have expired yesterday. >> yes. >> so basically they expired yesterday, so technically these are still tax...
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Jan 4, 2013
01/13
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a metaphor cliff. >> fiscal cliff. >> the fiscal cliff. >> over the cliff. >> so-called fiscal cliff. >> or maybe not. ♪ the hills are alive >> cue julie andrews in "the sound of music." >> it's not a cliff. it's a slope. >> it's more of a slope. >> hill, cliff, slope, be honest. it felt more like this. >> this place is starting to have the feel of the movie "groundhog day." >> this is pitiful. >> at least the movie made you laugh. this was more like "the hurt locker." >> congress set this time bomb. now they're scrambling to defuse it. >> call it what you will, it became a bill. and new metaphor. >> kick the can down the road. >> that's just kicking the can down the road. >> kicking that can. >> kicking the can. >> we're done with kicking this can down the road. we grabbed that can, and that can is called spending cuts -- >> but hey, we're not blameless. >> that's congressional malpractice. >> economic storm of our own making. >> we are in detox from our fiscal cliff addiction. >> but the masters reside in the halls of congress. >> like a bull in a china closet. >> like sales peopl
a metaphor cliff. >> fiscal cliff. >> the fiscal cliff. >> over the cliff. >> so-called fiscal cliff. >> or maybe not. ♪ the hills are alive >> cue julie andrews in "the sound of music." >> it's not a cliff. it's a slope. >> it's more of a slope. >> hill, cliff, slope, be honest. it felt more like this. >> this place is starting to have the feel of the movie "groundhog day." >> this is pitiful. >> at...
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Jan 5, 2013
01/13
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CNNW
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a metaphor cliff. >> fiscal cliff. >> the fiscal cliff. >> the cliff. >> so-called fiscal cliff. >> reporter: or maybe not. ♪ the hills are alive cue julie andrews in "the sound of music." >> more of a slope. >> more of a slope. >> kind of a slope. >> reporter: hill, cliff, slope, be honest, it felt more like this. >> this place is starting to have the feel of the movie "groundhog day." >> this is pitiful. >> reporter: at least the movie made you laugh. this was more like "the hurt locker." >> congress set this time bomb. now they're scrambling to defuse it. >> reporter: in the end, the cliff, slope, bomb, groundhog day, call it what you will, it became a bill, and a new metaphor. >> kick the can down the road. >> that's just kicking the can down the road. >> kicking the can. >> kicking the can. >> we are done with kicking this can down the road. we grabbed that can, and that can is called spending cuts. >> reporter: but, hey, we're not blameless. >> that's congressional malpractice. >> economic storm of our own making. >> we are in detox from our fiscal cliff -- >> we are. >> reporter: bu
a metaphor cliff. >> fiscal cliff. >> the fiscal cliff. >> the cliff. >> so-called fiscal cliff. >> reporter: or maybe not. ♪ the hills are alive cue julie andrews in "the sound of music." >> more of a slope. >> more of a slope. >> kind of a slope. >> reporter: hill, cliff, slope, be honest, it felt more like this. >> this place is starting to have the feel of the movie "groundhog day." >> this is pitiful....
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Jan 2, 2013
01/13
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the fiscal cliff is a lot less scary than the debt ceiling. so i don't think the republicans are quite as crazy as they were back in 2011. and i think the president has decided he has stated unequivocally he will not hold back on this. >> i want to turn to hillary clinton and the people who have been making claims and accusations that she was faking illness in order to avoid testifying about benghazi. here's a sample. take a listen. >> i'm not a doctor, but it seems as though that the secretary of state has come down with a state of benghazi flu. >> and this is a diplomatic illness to beat the band. >> you had a good line. hillary has severe benghazi allergy. >> i've been doing a lot of work on that, investigating. she is the first reporter of the case and it's a severe one. >> let's see the medical report on that. >> we now know doctors discovered a blood clot. an apology is expected. do you think one will be forthcoming? >> i think the republican leadership should apologize. will it be forthcoming? i doubt it. but what i -- >> if anything th
the fiscal cliff is a lot less scary than the debt ceiling. so i don't think the republicans are quite as crazy as they were back in 2011. and i think the president has decided he has stated unequivocally he will not hold back on this. >> i want to turn to hillary clinton and the people who have been making claims and accusations that she was faking illness in order to avoid testifying about benghazi. here's a sample. take a listen. >> i'm not a doctor, but it seems as though that...
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Jan 2, 2013
01/13
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the fiscal cliff vote wasn't the only drama in the house late last night. anger erupted on the house floor after alaw americas learned thee would be a no vote for super sandy victims. they were expect ago vote on the measure before the term ends tomorrow. but republican leaders suddenly ended the session last night prompting outrage from both sides. >>> everybody played by the rules until the rug was pulled out from under us. we have a moral obligation to hold this vote. >> mr. speaker, we cannot turn our backs on our citizens who need us. >> i have to go home and tell them their new year's gift they are going to wait even longer, even longer for something they should have had over a month ago. >> this is an absolute disgrace. the speaker should hang his head in shame for allowing this to come up. >> he helped parts of new york and new jersey rebuild from that storm delaying the house vote until the new congress is sworn in. we will start the entire process over again. >> bipartisan outrage for spending even more of your money by the republican house of rep
the fiscal cliff vote wasn't the only drama in the house late last night. anger erupted on the house floor after alaw americas learned thee would be a no vote for super sandy victims. they were expect ago vote on the measure before the term ends tomorrow. but republican leaders suddenly ended the session last night prompting outrage from both sides. >>> everybody played by the rules until the rug was pulled out from under us. we have a moral obligation to hold this vote. >> mr....
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Jan 1, 2013
01/13
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senate has reached a deal in the fiscal cliff negotiations. cnn is reporting they just voted to approve it. all the details of the deal and what it means for you and your finances. >> reporter: lawmakers postponed the automatic spending cuts that would have hit the pentagon and other federal agencies this week. they did strike a deal on taxes. three hours before the midnight deadline, senate majority leader mitch mcconnell and vice president joe biden emerged with a compromise on taxes and agreed to wait on slashing spending. >> this was the mini cliff. the big cliff still lies in front of us. >> reporter: president obama had scolded congress for waiting so long. >> one thing we can count on with respect to this congress is that if there's even one second left before you have to do what you're supposed to do, they will use that last second. >> reporter: the bush-era tax cuts remain in place for individuals earning as much as $400,000 a year, far above the 250,000 level on which president obama campaigned. but those making more will see higher
senate has reached a deal in the fiscal cliff negotiations. cnn is reporting they just voted to approve it. all the details of the deal and what it means for you and your finances. >> reporter: lawmakers postponed the automatic spending cuts that would have hit the pentagon and other federal agencies this week. they did strike a deal on taxes. three hours before the midnight deadline, senate majority leader mitch mcconnell and vice president joe biden emerged with a compromise on taxes...
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Jan 4, 2013
01/13
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, a metaphor cliff. >> the fiscal cliff. >> or maybe not. cue julie andrews in the sound of music. >> it is more of a slope. >> it is kind of a slope. >> reporter: hill, cliff, slope, be honest it felt more like this. >> this place is starting to have the feel of the movie "ground hogs day." >> at least the movie made you laugh. this was more like "the hurt locker." >> congress set this time bomb and now they are scrambling to diffuse it. >> reporter: in the end the cliff, slope, bomb, groundhog day became a bill and a new metaphor. >> kick the can down the road. >> kicking that can. >> kicking the can. >> we are done with kicking this can down the road. we grabbed that can and that can is called spending cuts. >> reporter: we're not blameless. >> that is congressional malpractice. >> detox from our fiscal cliff. >> reporter: but the masters reside in the hauls of congress. >> like a ball in a china closet. >> like sales people. >> we should look at those who have lit the candle. >> like an airplane. did we climb over it? no. >> reporter: ca
, a metaphor cliff. >> the fiscal cliff. >> or maybe not. cue julie andrews in the sound of music. >> it is more of a slope. >> it is kind of a slope. >> reporter: hill, cliff, slope, be honest it felt more like this. >> this place is starting to have the feel of the movie "ground hogs day." >> at least the movie made you laugh. this was more like "the hurt locker." >> congress set this time bomb and now they are scrambling to...
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Jan 1, 2013
01/13
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WMAR
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now, the fiscal cliff is in the hands of the house. you're going to learn what they agreed onto prevent us from going over the cliff. and you have the rules of the road and park space etiquette a woman faces charges after a close encount wear teen over a parking -- encounter with a teen over a park spot. and a scene out of hollywood. thieves
now, the fiscal cliff is in the hands of the house. you're going to learn what they agreed onto prevent us from going over the cliff. and you have the rules of the road and park space etiquette a woman faces charges after a close encount wear teen over a parking -- encounter with a teen over a park spot. and a scene out of hollywood. thieves
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. >> should the fiscal cliff be renamed technology cliff? >> and google maps scores another victory. >> good afternoon. well, tens of thousands of new tech companies busy figuring out how to deal with this new fiscal cliff deal. the new tax deal raises taxes on individuals making more than $400,000 a year, married couples making more than $450,000. some could be looking at higher taxes. the bill extends a research and development tax credit. also, renews tax breaks to businesses but is the other part of the fiscal cliff that could hit companies hard, if they do take affect in march. by spending $538 billion a year on 140,000 contractors the u.s. government is the largest single purchaser in the world. and spending would likely be felt by everyone of these. but would technology projects throughout the government, technology could be hit hardest by these cuts. put another way, it's a technology cliff. >> 2013 budget group is buying the hourly car rental company for $491 million. avis's ceo said he'd been somewhat dismissive of car sharing he s
. >> should the fiscal cliff be renamed technology cliff? >> and google maps scores another victory. >> good afternoon. well, tens of thousands of new tech companies busy figuring out how to deal with this new fiscal cliff deal. the new tax deal raises taxes on individuals making more than $400,000 a year, married couples making more than $450,000. some could be looking at higher taxes. the bill extends a research and development tax credit. also, renews tax breaks to...
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Jan 1, 2013
01/13
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thanks. >> good to see you, chris, thanks. >> up next, the fiscal cliff and you. what the deal struck last night by the senate means for your bottom line. >>> plus, we'll also have the latest on secretary of state hillary clinton's condition. she continues to get treatment for a blood clot in a new york hospital. >>> and then later, coming to a theater near you. the new movies hitting the big screen in 2013. which will be the blockbusters and which won't be worth your buck? >>> so, here we are, 98% of americans will avoid a tax hike in the new year, of course, if the house goes along with the fiscal cliff deal that was reached in the senate very early this morning. individuals earning $400,000 a year, couples earning $450,000, will see their income taxes rise on amounts above their annual salary. and in addition to income taxes, the senate plan prevents other tax hikes and extends key benefits. here to talk about what this fiscal cliff deal could mean to you is retail and economic analyst hitha. >> happy new year. >> a lot of people breathing a sigh of relief, obv
thanks. >> good to see you, chris, thanks. >> up next, the fiscal cliff and you. what the deal struck last night by the senate means for your bottom line. >>> plus, we'll also have the latest on secretary of state hillary clinton's condition. she continues to get treatment for a blood clot in a new york hospital. >>> and then later, coming to a theater near you. the new movies hitting the big screen in 2013. which will be the blockbusters and which won't be worth...
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Jan 7, 2013
01/13
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. >> we have the whole fiscal cliff debate. there were two fiscal cliffs. the tax cliff and then the spending cuts and sequester cuts hand is fascinating with the discussions is speaker boehner told me it wasn't until the second-to-last day after five weeks that the president even brought up the issue the sequester because president obama who created the sequester remember during the debt limit when they couldn't reach a resolution on the debt limit the president thought the republicans weren't going to say we can't live with the sequester. john boehner said i never brought it up. the president said we democrats can't live with the sequester. the reason that is important neil is the republicans have a strong card to play. democrats can't turn that off until they negotiate on the entitlements that you and i know is really driving the spending problem. >> neil: you negotiate out of fear. you are fearful to ever negotiate. bottom line. great reporting and great insight as always. >> thank you, neal. >> neil: they have to hike taxes even more. >> do you then ag
. >> we have the whole fiscal cliff debate. there were two fiscal cliffs. the tax cliff and then the spending cuts and sequester cuts hand is fascinating with the discussions is speaker boehner told me it wasn't until the second-to-last day after five weeks that the president even brought up the issue the sequester because president obama who created the sequester remember during the debt limit when they couldn't reach a resolution on the debt limit the president thought the republicans...
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could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how the major averages closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go before its new year's day fiscal cliff deadline. darren gersh has the latest. >> reporter: after a weekend of late-night negotiations with the vice president, senate republican leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for individuals making more than $400,000 and couples with
could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how the major averages closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go...
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Jan 23, 2013
01/13
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we were headed for the exact same result on the fiscal cliff. we were headed for the skabgd same result -- for the exact same result on the fiscal cliff. speaker boehner could not get his party to support protecting america from the fiscal cliff. so with literally minutes left to spare, and with the house republican conference ready, willing, and about to pitch the country off the fiscal cliff, speaker boehner did what? he ignored the hastert rule. he ignored the hastert rule, and he let the fiscal cliff bill come to the floor of the house without having the votes on our side first, to use the speaker's language. two-thirds of house republicans actually voted to roll america off the fiscal cliff. here's the vote count: republican yes votes on the fiscal cliff legislation were only 85. republican no votes on the fiscal cliff legislation were 151. he wasn't even close to making the hastert rule. that fiscal cliff bill passed the house 257-167 because the democrats came out and voted for it. 172-16. 172 democratic "yes" votes. 16 democratic "no" vo
we were headed for the exact same result on the fiscal cliff. we were headed for the skabgd same result -- for the exact same result on the fiscal cliff. speaker boehner could not get his party to support protecting america from the fiscal cliff. so with literally minutes left to spare, and with the house republican conference ready, willing, and about to pitch the country off the fiscal cliff, speaker boehner did what? he ignored the hastert rule. he ignored the hastert rule, and he let the...
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Jan 2, 2013
01/13
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. >> the top story is the fiscal cliff. they're just approved the votes to approve the fiscal cliff. this prevents tax hikes for the middle class. this magic number to pass was tutored 17. so it did receive. house speaker, john boehner voted " yes. this was the first sign and the next is the president's desk that should happen fairly soon. other big stories two people are killed in a crash after a police chase in san francisco's mission district. it's caught on south bay. our top story tonight.the fiscal cliff. the house is now voting on "fiscal cliff" tax increasesit looks as though the senate-approved bill will get enough votes to pass. for the middle class and earning over 450-thousandit also extends unemployment bill is 217. meaning thea police chase ends in a deadly crash. two people were killed this morning after a driver crashed into a liquor store in san francisco. this is surveillance video. a third person was badly injured. all the victims are in their 20's. >> while the remaining of this is being pulled away from
. >> the top story is the fiscal cliff. they're just approved the votes to approve the fiscal cliff. this prevents tax hikes for the middle class. this magic number to pass was tutored 17. so it did receive. house speaker, john boehner voted " yes. this was the first sign and the next is the president's desk that should happen fairly soon. other big stories two people are killed in a crash after a police chase in san francisco's mission district. it's caught on south bay. our top...
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Jan 19, 2013
01/13
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a post office bill, and the fiscal cliff. the house did not pass any of those things. it finally passed the fiscal cliff because the speaker took off the lid and said, everybody can vote on it. the reason for the difference is because the have majority rule in the house, people look on it as a sign of weakness. the speaker of the house has to go to the minority party for support. the speakers of the house only want to proceed is to have majority of their own parties. the farm bill did not pass. the housing bill did not pass. even though they are generally supportive and people are waiting for the farm bill to pass. the filibuster cannot create as much of a gridlock as majority rule did. -- did not create as much of a gridlock as majority rule did. some of the senior senators are looking for solutions to of all. they're going to see some modifications. i do not think that filibuster is good to go away. i think it will try to get -- going to go away. i think they will try to get over some of the speed bumps. professor,a terrific i did an oral history with him. his interv
a post office bill, and the fiscal cliff. the house did not pass any of those things. it finally passed the fiscal cliff because the speaker took off the lid and said, everybody can vote on it. the reason for the difference is because the have majority rule in the house, people look on it as a sign of weakness. the speaker of the house has to go to the minority party for support. the speakers of the house only want to proceed is to have majority of their own parties. the farm bill did not pass....
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Feb 8, 2013
02/13
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MSNBC
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around the fiscal cliff, if nothing happened, taxes went up and democrats had a clear advantage. this time if nothing happens, spending cuts go into effects so republicans sort of think they have an advantage. but what is getting cut? the pentagon is taking the brunt of these cuts. certainly the commander in chief doesn't want that to happen. a ton of democrats are quite fine with seeing pentagon spending cuts. so, you know, it's sort of like nobody really wants it to happen but both sides are sort of okay with it. >> to the point of who might have the upper hand, charles krauthammer wrote this. obama's bluff is being called and he's the desperate water. what should they do? nothing. cheryl, there are others who are saying that if this happens, at least we get those cuts. what's the feeling on capitol hill right now? >> well, i think there are some republicans who are fairly public about the fact that they do not want to see the seek questions sister cuts go through. a lot of these republicans represent the heavy military presence, a the lo lot of defen contractors in their area.
around the fiscal cliff, if nothing happened, taxes went up and democrats had a clear advantage. this time if nothing happens, spending cuts go into effects so republicans sort of think they have an advantage. but what is getting cut? the pentagon is taking the brunt of these cuts. certainly the commander in chief doesn't want that to happen. a ton of democrats are quite fine with seeing pentagon spending cuts. so, you know, it's sort of like nobody really wants it to happen but both sides are...
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Jan 1, 2013
01/13
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please join me in supporting the fiscal cliff bill today. yield back my time. the speaker pro tempore: the gentleman yields back. for what purpose does the gentleman from virginia seek recognition? >> i ask unanimous consent toe address the house for one minute -- to address the house for one minute. the speaker pro tempore: without objection, the gentleman from virginia is recognized for one minute. mr. connolly: thank you, mr. speaker. we are about to have a hold your nose vote here in the house of representatives. and many of us are going to wrestle with the problem of making perfect be the enemy of the good. we do have an opportunity to stabilize taxation for 899 -- 99% of all americans. to extend appreciation and investment expansion for small businesses. to make sure that families in america through the child tax credit, the earned income tax credit, and student loans are stabilized for their planning in the calendar year 2013. the r&d tax credit is extended. there is a lot in this package that's good. there is a lot in this package, i should say, there's
please join me in supporting the fiscal cliff bill today. yield back my time. the speaker pro tempore: the gentleman yields back. for what purpose does the gentleman from virginia seek recognition? >> i ask unanimous consent toe address the house for one minute -- to address the house for one minute. the speaker pro tempore: without objection, the gentleman from virginia is recognized for one minute. mr. connolly: thank you, mr. speaker. we are about to have a hold your nose vote here in...
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Jan 1, 2013
01/13
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this year it's the fiscal cliff. and it just seems like they can't get their act together year after year. it's frustrating to sit here and, you know, watch it happen over and over again. especially we're all students so it affects us a lot. it's really frustrating. >> julie, do you see yourself maybe changing your mind about who you necessary pily vote for the next election based on how members of congress handled the situation? >> actually no. i feel a lot of this has come from the partisanship which is creating the gridlock. i think the far right of the republican party's holding congress hostage to a point. mitch mcconnell says he wants to strike a deal. think about it, history states they've been the party of no. he said from the beginning if obama wants it, why are we going to do it? at the end of the day congress can sit around but these directly affect us. as students, think about the division tax breaks, things will go away and affect my family. within i look at congress, i see it's shifted to one side. i do
this year it's the fiscal cliff. and it just seems like they can't get their act together year after year. it's frustrating to sit here and, you know, watch it happen over and over again. especially we're all students so it affects us a lot. it's really frustrating. >> julie, do you see yourself maybe changing your mind about who you necessary pily vote for the next election based on how members of congress handled the situation? >> actually no. i feel a lot of this has come from...
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Jan 1, 2013
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but still, not a lot of time to mitigate all the effects of the "fiscal cliff." i'm grace lee, cbs 5. >>> amazingly the stock market didn't step off a cliff. in fact, the dow ended higher today. supposedly based on hope that a deal would be reached. it closed out 2012 with a 7% gain. nasdaq and s&p 500 also ended higher. >>> new details tonight in the murder of a teenaged girl in oakland over the weekend. she has been identified by oakland police as 15-year-old jubrill jordan. she was killed and a 14-year- old boy wounded near 66 and lion yesterday as they walked to a nearby bart station. witnesses say the shooter was also a teenager possibly as young as 13. >> my grand kid come to my house every, single day, kid they like to go to places, to friends' house, they take off though their little friends house and these fools out here killing each other. it's not right. >> the shooting brings oakland's homicide total to 131 for the year a 27% increase from last year. >>> remember all that christmas shopping that you did? good timing. as cbs 5 reporter mike sugerman te
but still, not a lot of time to mitigate all the effects of the "fiscal cliff." i'm grace lee, cbs 5. >>> amazingly the stock market didn't step off a cliff. in fact, the dow ended higher today. supposedly based on hope that a deal would be reached. it closed out 2012 with a 7% gain. nasdaq and s&p 500 also ended higher. >>> new details tonight in the murder of a teenaged girl in oakland over the weekend. she has been identified by oakland police as 15-year-old...
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Jan 11, 2013
01/13
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and tax cuts for the middle class and the fiscal cliff. class and the fiscal cliff. that will come up next in [ roasting firewood ] ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. [heartfelt country music] ♪ - ♪ she stands in ♪ the face of evil ♪ and will not ♪ lose hope or faith ♪ america ♪ the land of freedom ♪ is still the home ♪ of the brave ♪ so raise the banner - ♪ raise the banner - ♪ called ol' glory - ♪ called ol' glory - ♪ let us join ♪ our fellow man - ♪ our fellow man - ♪ history ♪ will write the story ♪ america - ♪ america - ♪ will always stand ♪ history ♪ will write the story ♪ america ♪ will always stand ♪ lou: i want to lead a bettino democrats come after your money. you. not the top 1% or 2%. middle-class. everybody. you may not suspect you were getting hammered now. maybe if you are in the middle class. talk about the house and the national economic council spins the fiscal cliff deal
and tax cuts for the middle class and the fiscal cliff. class and the fiscal cliff. that will come up next in [ roasting firewood ] ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. [heartfelt country music] ♪ - ♪ she stands in ♪ the face of evil ♪ and will not ♪ lose hope or faith ♪ america ♪ the land of freedom ♪ is still the home ♪ of the brave ♪ so raise the...
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Jan 2, 2013
01/13
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>> now that we have this fiscal cliff deal, what's the best trade? so, we posed that question to our audience on twitter. here are a up canal of responses. starting with michelle, he said, i would pay the fiscal cliff by purchasing cerner, an it health care stock. it will benefit from obama care. >> i'm with michelle. again, for your "fast money" fans out there, we've talked about cerner for forever. people have shot against it on valuation, but they've shot against it for the last $30. 80 bucks here, i think it goes higher. good call, michelle. nice eye. >> let's stick with health care. matt tweeting, if the current fiscal cliff status puts a boston in the ten-year, then i like life insurers such as met life. we saw a comeback in some of these names. can it build? >> i think it can. met life, all the insurers were up a lot today. if you look at met life, technically it's right up against the down trend line. b.k. technically doesn't like to buy -- >> brian kelly will buy it b, but -- >> if that goes through, it could really test those old 52-week hi
>> now that we have this fiscal cliff deal, what's the best trade? so, we posed that question to our audience on twitter. here are a up canal of responses. starting with michelle, he said, i would pay the fiscal cliff by purchasing cerner, an it health care stock. it will benefit from obama care. >> i'm with michelle. again, for your "fast money" fans out there, we've talked about cerner for forever. people have shot against it on valuation, but they've shot against it for...
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cliff going over the fiscal cliff they talked about it so much standard and poor's downgraded u.s. credit worthiness and then we had sequester and next month we're going to have the debt ceiling again this is more three ad tricks it's the it's that the washington drama queens doing what they always do behave in a manner that is unbecoming of professionals and adults. analyses online team is listed ten ways the government shutdown could impact america from the looming default to the closure of museums just a click away for you right now. and while you're there you can also learn how global stock markets have been reacting to the budget battle in the u.s. congress that's also for you right now on our website. to see. first rate. and i think. it's a busy day for news here on r t thanks for joining us today now already on the rise the u.k. is the go it alone sentiment is now being fueled by a fresh plan drawing the island nation ever further from the mainland european state is off to prime minister david cameron has hinted that he wants to withdraw from the european convention on human
cliff going over the fiscal cliff they talked about it so much standard and poor's downgraded u.s. credit worthiness and then we had sequester and next month we're going to have the debt ceiling again this is more three ad tricks it's the it's that the washington drama queens doing what they always do behave in a manner that is unbecoming of professionals and adults. analyses online team is listed ten ways the government shutdown could impact america from the looming default to the closure of...
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. >>> lawmakers debate who is taxed in the fiscal cliff talks, another tax cut plan has expired social security payroll tax was reduced by a third in 2010 to stimulate the economy. this year it goes back to 6.2% level. that means a person with a gross income of $50,000 will pay about $1,000 more in taxes this year than last year. >> to buy a house, we are trying to save and looking how much it will probably be going up, i don't know if i will be able to afford a house. >> we are scraping by. paycheck to paycheck. >> the payroll tax increase is expected to generate $125 billion for the federal budget. economists warn we should expect a similar reduction in consumer spending. >> customers will start seeing increase in electric rates. pg&e is raising rates. it will cover upgrades to the electric grid. at the same time gas prices are going down because of a glut of natural gas on the market. here is how it breaks down. pg&e electric bills for january will go up by an average of 2.6% gas bills will go down by an average 5.3%. >> kristen: bills are going up with the temperatures they are. >>
. >>> lawmakers debate who is taxed in the fiscal cliff talks, another tax cut plan has expired social security payroll tax was reduced by a third in 2010 to stimulate the economy. this year it goes back to 6.2% level. that means a person with a gross income of $50,000 will pay about $1,000 more in taxes this year than last year. >> to buy a house, we are trying to save and looking how much it will probably be going up, i don't know if i will be able to afford a house. >>...
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cliff and we heard all of the rhetoric all the craziness come up with the fiscal cliff i think congress went and said we went off that fiscal cliff but then they said retroactively we did not go off the fiscal cliff is it possible that we could go to the sequester and then congress decides that we retroactively didn't go to the sequester or is what the damage already done i mean that's exactly what's going to happen and it appears that they're going to they're going to let this happen on march first action it appears very likely that action will be taken by congress before then so the sequester will all supposed to kick in but it appears to just be the that will be the jolt to get these congress members to actually work toward something and it's pretty much expected that in march that they will they'll do exactly what you've just said that they will go back and retroactively say that the sequester didn't occur and the beach is very. you know since since the cuts are also budgeted for for until september. it will just take as long as that takes that there actually be any type of. spendin
cliff and we heard all of the rhetoric all the craziness come up with the fiscal cliff i think congress went and said we went off that fiscal cliff but then they said retroactively we did not go off the fiscal cliff is it possible that we could go to the sequester and then congress decides that we retroactively didn't go to the sequester or is what the damage already done i mean that's exactly what's going to happen and it appears that they're going to they're going to let this happen on march...
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Jan 14, 2013
01/13
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. >> forget the fiscal cliff, we are close to falling off the postal cliff and hostess will move forward with plans to sell their brand. jane king is live from the new york stock exchange. >> all kinds of cliffs going on these days. and major money problems for the post office, and congress, still, hasn't take were steps to help out the postal service so it is on track to run out of cash in october. if that happens, it will not be able to pay workers or buy fuel, so that means our mailboxes will be e. the postal service and financial situation is getting worse and losing an estimated $25 million every day. wonder bread is closer to having a new owner, the maker of tasty cake is the lead bidder for the twincies and the rest of the knack cakes are separate. >> and in the single digits across the board on the stock exchange and apple may not be as cool with the younger folks, the iphone maker could be lose their grip on the teens. the cupertino based giant has done a good job with the older folks but the younger generation is all about samsung galaxy and losing facebook after a survey shows
. >> forget the fiscal cliff, we are close to falling off the postal cliff and hostess will move forward with plans to sell their brand. jane king is live from the new york stock exchange. >> all kinds of cliffs going on these days. and major money problems for the post office, and congress, still, hasn't take were steps to help out the postal service so it is on track to run out of cash in october. if that happens, it will not be able to pay workers or buy fuel, so that means our...
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Jan 4, 2013
01/13
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WUSA
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. >>> in the mailbag tonight the fiscal cliff averted, but questions remain like this one from a fellow calling himself big daddy in fair lakes, virginia. i'm confused. i thought passing the bill to avoid the fiscal cliff would prevent most americans from having a tax rate increase. now on your show you say our payroll tax is going up and quite a damn bit. what's the deal? smoke and mirrors? no smoke, no mirrors, big daddy. payroll tax has gone up to exactly what it was two years ago when the president and congress agreed to cut it by about 1/3 as a form of stimulus for the still weak economy. it wasn't supposed to last forever. country needs that money to pay for social security. so it's all done. then there was this reaction to new jersey governor chris christie's rant when he blasted his fellow republicans for not moving faster to pass the $60 billion aid package for the victims of superstorm sandy. dean from triangle, virginia, says before christie runs his mouth maybe he should have read the parts of the bill senator harry reid sent to the house with billions of waste and pork spen
. >>> in the mailbag tonight the fiscal cliff averted, but questions remain like this one from a fellow calling himself big daddy in fair lakes, virginia. i'm confused. i thought passing the bill to avoid the fiscal cliff would prevent most americans from having a tax rate increase. now on your show you say our payroll tax is going up and quite a damn bit. what's the deal? smoke and mirrors? no smoke, no mirrors, big daddy. payroll tax has gone up to exactly what it was two years ago...
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for retroactive tax cuts. >> to avoid this fiscal cliff, they set up new ones. in just two months they will have to deal with the spending cuts they put off and have a nasty fight over the debt ceiling. karen travers, abc news, washington. >>> stocks hit a five-month high after the house voted. many were worried if the vote had failed, it may have pushed the u.s. into a recession. now the real test comes tomorrow when the stock exchange opens in new york at 6:30 in the morning. we're going to have more on that. that begins at 4:30 a.m. >>> president obama left washington late tonight. he is returning to hawaii to rejoin his family for a vacation. the president interrupted his traditional christmas holiday to work with lawmakers to prevent the economy from going over that so-called fiscal cliff. we have a cold night ahead with temperatures dropping into the 20s and 30s. we caught folks in union square bundled up in their winter jackets to ward off the cold. abc7's spencer christian is here with live doppler 7hd. >> temperatures are falling as we speak. here is a
for retroactive tax cuts. >> to avoid this fiscal cliff, they set up new ones. in just two months they will have to deal with the spending cuts they put off and have a nasty fight over the debt ceiling. karen travers, abc news, washington. >>> stocks hit a five-month high after the house voted. many were worried if the vote had failed, it may have pushed the u.s. into a recession. now the real test comes tomorrow when the stock exchange opens in new york at 6:30 in the morning....
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Jan 1, 2013
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america is going over the fiscal cliff. with no deal reached in washington - and a midnight deadline. kron4's political analyst is here to break it down. - next at 5-30. r haazig ma look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. live from the kron 4 news station, this is the kron 4 news. >>> now at 5-30. the countdown to the new year. you're looking live at times quare. one million people expected to hit the streets there in new york citys tonight. tory dunnan is standing by -- with what'
america is going over the fiscal cliff. with no deal reached in washington - and a midnight deadline. kron4's political analyst is here to break it down. - next at 5-30. r haazig ma look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an...
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Jan 1, 2013
01/13
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is going over the fiscal cliff. the real question now is whether washington can get its act together before the economy takes a hit and whether washington and lawmakers can somehow hold that off. the votes we don't know how they will come down and whether they will come down tonight in the senate or tomorrow in the house. but, tonight is also new year's eve. we are an hour and 15 minutes and 30 some seconds from the big crystal ball in times square and there you see it dropping down. and right in front of that crystal ball, my friends and colleagues, megyn kelly and bill hemmer. hi, guys. >> hey, bret. it's new year's eve. >> bret: how are you? >> we are doing fine. i think these are one of the many days, bret, no offense, we are thankful we live in new york city and not washington, d.c. >> did you draw the short straw or what, brother? >> bret: , we did a special report and thought this is great. we will do a live 8:00 p.m. and be all set and then. >> go home with the kids and hang out with the wife, you know. >> i
is going over the fiscal cliff. the real question now is whether washington can get its act together before the economy takes a hit and whether washington and lawmakers can somehow hold that off. the votes we don't know how they will come down and whether they will come down tonight in the senate or tomorrow in the house. but, tonight is also new year's eve. we are an hour and 15 minutes and 30 some seconds from the big crystal ball in times square and there you see it dropping down. and right...
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Jan 2, 2013
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the fiscal cliff is now a done deal. the president spoke 20 minutes later. >> a central premise of my campaign for president was to change the tax code that was too skewed toward the wealthy at the expense of working middle class americans. tonight we've done that. >> reporter: and tonight taxes on the wealthiest americans are going up. but in the end, neither democrats nor republicans got all of what they wanted. ktvu's jana katsuyama here now to show us how the compromise finally emerged. >> frank, the house finished voting on the fiscal cliff agreement just about two hours ago and has passed the senate version without any changes. let me show you the numbers, 257 yes votes and 167 no votes. after what turned out to be a bitter battle. >> the motion is adopted without objection. >> reporter: the vote came after a day of high drama and political power plays. pressure was on the republican controlled house to pass the bill or chance bearing the blame for tax cuts and spending cuts that could send the nation back into a s
the fiscal cliff is now a done deal. the president spoke 20 minutes later. >> a central premise of my campaign for president was to change the tax code that was too skewed toward the wealthy at the expense of working middle class americans. tonight we've done that. >> reporter: and tonight taxes on the wealthiest americans are going up. but in the end, neither democrats nor republicans got all of what they wanted. ktvu's jana katsuyama here now to show us how the compromise finally...
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Jan 1, 2013
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well to a special edition, the fiscal cliff edition. we're over the fiscal cliff. i'm john berman. >> i'm ali velshi. it's hard to do this after that crazy night of partying. >> yeah, right. i'm christine romans. zoraida is off today. it's 5:00 a.m. in the east. let's get you started. >>> of course as you all know because you were glued to it all night, america kicked off the new year by falling offer the fiscal cliff. but, in breaking news this morning, we're talking just hours ago, there is now a deal in place that could cushion that blow. here's what happened while you were sleeping. or sipping champagne or doing something else. on eleventh hour agreement crafted by vice president joe biden and mitch mcconnell in the senate has been passed by the senate by a margin of 89-8. that vote just took place a couple hours ago. now, it's up to the republican-controlled house to take up that plan later this morning, and that is where it gets very interesting. if the house approves, and it's a big if, the deal would generate an estimated $600 billion in new revenues over t
well to a special edition, the fiscal cliff edition. we're over the fiscal cliff. i'm john berman. >> i'm ali velshi. it's hard to do this after that crazy night of partying. >> yeah, right. i'm christine romans. zoraida is off today. it's 5:00 a.m. in the east. let's get you started. >>> of course as you all know because you were glued to it all night, america kicked off the new year by falling offer the fiscal cliff. but, in breaking news this morning, we're talking just...
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washington went over the fiscal cliff last night, triggering tax increases for virtually everybody. and despite some hopeful signs very early this morning, we are still in a freefall. it sure looked like a done deal. >> the yays are 89. the nays are 8. the bill as amended is passed. >> reporter: after 2:00 a.m. this morning, the senate approved a bill to prevent massive tax increases from going into affect today. the kind of overwhelming bipartisan vote almost never seen anymore. >> so, it took an imperfect solution to prevent our constituents from a very real financial pain. but in my view, it was worth the effort. >> reporter: finally, it seemed, washington was working. vice president joe biden and republican leader mitch mcconnell hashing out the deal late last night. >> i feel really very, very good about how this vote is going to go. >> reporter: he had reason to smile last night, but today, that late night deal hit a wall of republican opposition in the house. hastily leaving a meeting of house republicans today, eric cantor, the second highest ranking republican in the house,
washington went over the fiscal cliff last night, triggering tax increases for virtually everybody. and despite some hopeful signs very early this morning, we are still in a freefall. it sure looked like a done deal. >> the yays are 89. the nays are 8. the bill as amended is passed. >> reporter: after 2:00 a.m. this morning, the senate approved a bill to prevent massive tax increases from going into affect today. the kind of overwhelming bipartisan vote almost never seen anymore....